What is Circit?
Founded in 2017, Circit operates as a sophisticated audit confirmation, data validation, and client collaboration platform. It directly connects auditors with banks, financial institutions, and other trusted counterparties to achieve real-time verification of financial data at its source. By converting manual confirmation processes and unstructured client data into standardized, independently verified audit evidence, Circit enhances efficiency and accuracy. The company holds regulatory status as an Account Information Service Provider (AISP) with the Central Bank of Ireland, as well as in the UK and Australia, highlighting its compliance and operational scope.
How much funding has Circit raised?
Circit has raised a total of $28.8M across 2 funding rounds:
Series A
$6.8M
Private Equity
$22M
Series A (2022): $6.8M with participation from Aquiline Technology Growth and MiddleGame Ventures
Private Equity (2026): $22M led by Ten Coves Capital, Aquiline Capital Partners, and MiddleGame Ventures
Key Investors in Circit
Ten Coves Capital
Ten Coves Capital is a venture capital firm that invests in companies transforming the financial ecosystem, focusing on businesses re-imagining financial services. They support startups and established firms in the financial sector aiming to drive change.
Aquiline Capital Partners
Aquiline Capital Partners is a private investment firm established in 2005, with offices in New York and London. They invest across the financial services sector, including financial technology, insurance, and business services.
MiddleGame Ventures
MiddleGame Ventures is a European FinTech specialist firm that partners with entrepreneurs to digitize financial services, focusing on early-stage investments in AI, Cyber, and DeepTech. They offer hands-on support to portfolio companies.
What's next for Circit?
The substantial enterprise-level funding Circit has garnered, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its innovative platform, enhance its regulatory compliance infrastructure, and broaden its reach within the global financial services ecosystem. Circit's trajectory suggests a focus on solidifying its position as a leader in digital audit evidence and data verification solutions.
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